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Jones Day

US Financial Crisis and the downturn 2009 (2)

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Award levelCommended
InnovationAdvising the Federal Guaranty Insurance Company (FGIC) to reinsure risk
Originality6
Rationale6
Impact6
Total18
DescriptionStrategic advice ensured that FGIC was able to survive the subprime mortgage crisis in late 2007. By separating out the best parts of the business and selling them in return for insuring almost all underlying policies, they effectively saved the company

US Financial Crisis and the downturn 2009

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Award levelStandout
InnovationChrysler bankruptcy and sale to Fiat
Originality7
Rationale7
Impact8
Total22
DescriptionThe firm was instrumental in developing the plan and in getting a judge to agree to the accelerated bankruptcy sales (“363”) strategy, The approach was used as a model for the sale of General Motors